Posts by Liam Redmond
Tepco to delay restart of Kashiwazaki-Kariwa nuclear power plant, NHK reports
[TOKYO] Tokyo Electric Power will delay the restart of its Kashiwazaki-Kariwa nuclear power plant, which was originally scheduled for Jan 20, public broadcaster NHK reported on Monday, after an alarm malfunction. It would have been the first reactor restart for Tepco since its Fukushima Daiichi nuclear power plant was hit by a powerful tsunami in…
Read MoreMicron says AI-driven memory crunch is ‘unprecedented’
PC makers have also warned they are likely to be affected by the ongoing shortage [WASHINGTON] Nvidia supplier Micron Technology said an ongoing memory chip shortage has accelerated over the past quarter and reiterated that the crunch will last beyond this year due to a surge in demand for high-end semiconductors required for artificial intelligence…
Read MoreOil firmer as ebbing Iranian protests lower chance of US attack
[NEW DELHI] Oil prices were up slightly on Monday, after the previous session’s rise, as Iran’s deadly crackdown on protests quelled civil unrest, narrowing chances for a US attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at US$64.19 a barrel by 0327 GMT, up 6 cents or 0.09…
Read MoreGKE to expand storage and logistics operations to Dubai by 2028
The new facility aims to serve MNCs from the chemical, manufacturing, pharmaceutical and semiconductor industries [SINGAPORE] GKE Corporation is kickstarting its overseas growth strategy with an ambitious expansion of its storage and logistics operations to Dubai. The company, which currently operates in both Singapore and China, has started construction of its new warehouse at the…
Read MoreChina’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year low, underscoring dramatically different prospects for the two most widely used metals. Aluminium production increased 2.4 per cent to 45 million tonnes, having risen every year this decade, according to the statistics bureau…
Read MoreConservative influencer robbed of pricey camera, dragged by alleged robber’s car in Minneapolis confrontation: video
A Minneapolis protester allegedly stole a pricey camera from conservative provocateur Nick Sortor — who chased down the suspected thief and was dragged by her car as it swerved onto the sidewalk, according to shocking video. In a post shared on X, Sortor said the woman was part of a group that followed him and his…
Read MoreBank of Singapore appoints Collins Chin as global CFO
He takes up the new role after having been the head of investor relations at the bank’s parent, OCBC [SINGAPORE] The Bank of Singapore on Monday (Jan 19) announced that it has appointed Collins Chin as its new global chief financial officer (CFO) with immediate effect. Chin will be a member of the Bank of…
Read MoreRupiah may sink past record low as fiscal woes erode BI support
The central bank is expected to keep its policy rate unchanged when it meets on Wednesday to anchor the currency [JAKARTA] Indonesia’s rupiah looks poised to weaken past a record low, analysts say, with central bank intervention unlikely to halt the slide amid persistent fiscal worries. The currency may depreciate to 17,000 per US dollar…
Read MoreRaffles Education seeks shareholder nod on 426.4 million yuan sale of private college in China
An extraordinary general meeting will be held on Feb 3; share price jumps almost 9% [SINGAPORE] Raffles Education is seeking shareholder approval for the proposed sale of its China asset for 426.4 million yuan (S$75.9 million) via an extraordinary general meeting on Feb 3. Following the news, the company’s shares jumped 8.7 per cent to…
Read MoreRaffles Education seeks shareholder nod for dual sale of China asset, Merchant Road property
Two extraordinary general meetings will be held on Feb 3; share price jumps 19.3% [SINGAPORE] Raffles Education is seeking shareholder approval for the disposals of its college asset in China for 426.4 million yuan (S$75.9 million) and a Merchant Road property for S$121.8 million. Following the news, the company’s shares jumped 19.3 per cent to…
Read MorePetronas names new COO following Sarawak gas dispute: report
The company has also been struggling with declining profits and last year announced it was cutting around 10% of its workforce [KUALA LUMPUR] Petroliam Nasional (Petronas) has appointed Mohd Jukris Abdul Wahab as its new chief operating officer, starting Feb 1, enhancing its senior leadership structure amid an ongoing legal dispute over gas assets in…
Read MorePatriots being win from Super Bowl hard not to view as incredibly lucky
FOXBOROUGH, Mass. — If someone told you last summer that the Patriots would advance to the AFC Championship game, you probably would have figured they beat one of the AFC’s elite quarterbacks on their way there. Maybe it was a win over Josh Allen? Nope. Lamar Jackson? Guess again. Patrick Mahomes? Not this year. OK,…
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